Message from @RyeNorth
Discord ID: 489528389196054538
That's contextually based. I don't accept my wages in Yen, for instance
@Poppy Rider money is nothing, value is what is important.
I know
which is why i asked, hoarding value, or hoarding money.
It is the trust we put into it that gives it value.
unless you are low on cloths, hoarding money doesn't hurt.
He said money
^^
money is cloth like paper
doubt hording bolĂvar fuerte in Venezuela is hurting anything
I did say money
Paper money has more value than clothe simply coz it's easier to carry and not everyone needs cloths.
fite me
yeah, but its not as durable as cloth
Common currency exists because barter depends on the needs of the person you're trading with
but if you are hoarding value, it means you are taking from others without giving back, which is a drain on the system
currency bypasses that requirement
IF I horde all the money is can the supplier has to make more so there is enough to sever the community. That causes inflation making your cash worth less. If you are just sitting on it, that is.
Why does he have to make more? No exchange has been made that requires that money, no?
If there isn't enough currency is circulation to serve the needs of the community the community will start to use something else untill they stop using the original altogether.
Okay let's break this down though
do i need to pay with money?
There's 1000 dollars in the economy. I hoard 100 dollars of it. Only 900 dollars can be traded
why can't i do something for someone in exchange for food?
^^
Why is the economy going to fail now?
You could, grenade
You can't charge more than someone is willing to pay
Or rather more than anyone is willing
But what reason do you have to do something for someone who has nothing you want?
Or you won't trade
That's the role money fills. It's essentially a shape-shifting good.
Currency would have to scale to what the economy allows
how does one hoard money?
that would imply doing things for people, but people giving you stuff for free
No
How does one hoard rocks?
you get paid for your labor, but you don't pay people for their labor
I sell a product for 10 dollars, I spend 1 dollar on food I spend 2 dollars on services. I keep the rest
I'm now not putting 7 dollars back in